He’s alive! Legendary activist investor Bill Ackman is back in the freight industry according to several market reports, which detail how the Ackman-controlled Pershing Square Capital had by the beginning of this week acquired just under 15m shares in $71bn-market-cap Canadian Pacific (CP) for a value close to $1.2bn, making it a...
What with the Russia’s full-scale invasion of Ukraine kicking off last Thursday, the somewhat less explosive news that antitrust regulators in five anglophone countries were launching a working group to look at “supply chain collusion” got rather sidelined. While carriers’ legal teams are facing an unusually busy year, it is worth remembering...
The EC has given its provisional approval to the pending merger of listed Finnish container handling equipment manufacturers Cargotec and Konecranes. Despite this however, the two companies said they were likely to miss their original merger deadline of mid-2022 as it remains to be cleared in other jurisdictions. Premium has previously covered the...
The European Commission has said it does not regard the huge container spot rate increases between Asia and Europe as sufficient justification to investigate carriers for an infringement of the Block Exemption Regulation (BER) for consortia. The European Shippers’ Council (ESC) and European freight forwarder association CLECAT had presented the EC with...
